Tag "UK economy"

GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

The Pound has found some support over the past week, gaining almost two cents on the CHF at its high. GBP/CHF exchange rates are continuing to float around 1.25, following positive comments made last week by Bank of England (BoE) governor Mark Carney. Carney alluded to a prospective interest rate hike over the coming months, although with no timeline given on the prospective height, are we witnessing something of a false dawn for Sterling? The Franc has found support under 1.25, despite worse than expected inflation data released this morning and the markets focus will now switch to tomorrow, with a host of key economic

Read Full Article

Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

The Pound finally made some headway during Wednesday’s trading, gaining almost two cents against the CHF at today’s high. With GBP/CHF once again trading above 1.24, clients holding Sterling have BoE government Mark Carney to thank for today’s improvement. Carney surprised the markets by suggesting a rise in UK interest rates was not being discounted, despite comments he made last week which seemed to dampen expectation of a hike. He even went as far as to suggest that it would be necessary, should UK business’s shrug off Brexit uncertainty and raise investment and wages. He stopped as far as giving a timeframe on any prospective

Read Full Article

Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling has come under pressure during Thursday’s trading, following some poor UK economic data releases. Today was dubbed ‘Super Thursday’ by investors, due to host of key releases for the UK economy. The Pound was immediately on the back foot this morning though, following poor Manufacturing & Industrial Production figures. These came out under market expectation and the Pound started to lose value against the CHF. Despite inflation data in Switzerland coming out lower than predicted the CHF gained value, as investors sold off Sterling positions ahead of the Bank of England’s (BoE) interest rate decision at Midday. GBP/CHF had been trading above 1.30, with

Read Full Article

GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF rates have fallen over the past few days, with the pair now trading under 1.25 again. The Pound’s run came to an abrupt halt yesterday following comments made by a senior EU negotiator and former Belgium Prime Minister, Guy Verhofstadt. He stated that any decision regarding a future deal with the UK would have to be ratified through European Parliament and as such the UK was unlikely to get the deal it wanted following the triggering of Article 50. This immediately sapped investor confidence in the UK economy and the Pound lost value as a result. GBP/CHF rates fell to 1.2352 at today’s low,

Read Full Article

Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound continue to climb from here? (Joseph Wright)

The Pound has continued to climb throughout the week, after it was announced earlier this week by the Supreme Court that the UK government will require

Read Full Article

Sterling Makes Inroads Following Supreme Court Ruling (Matthew Vassallo)

Sterling Makes Inroads Following Supreme Court Ruling (Matthew Vassallo)

Sterling has made inroads against the CHF  following this morning’s Supreme Court ruling, regarding the triggering of Article 50. This morning decision was being monitored from

Read Full Article

Sterling on the Ropes Following Theresa May’s Comments! (Matthew Vassallo)

Sterling on the Ropes Following Theresa May’s Comments! (Matthew Vassallo)

Sterling is on the ropes following Brexit comments made by UK Prime Minister Theresa May over the weekend. It’s been a tough day’s trading for any

Read Full Article

GBP/CHF Rates Drop Ahead of Christmas Slowdown (Matthew Vassallo)

GBP/CHF Rates Drop Ahead of Christmas Slowdown (Matthew Vassallo)

GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at

Read Full Article

GBP/CHF Rates Spike Following US Election Results! (Matthew Vassallo)

GBP/CHF Rates Spike Following US Election Results! (Matthew Vassallo)

GBP/CHF rates spiked by almost two cents during Wednesday’s trading, providing those clients holding Sterling with some of the best rates they’ve seen in the past

Read Full Article

Where Next for GBP/CHF Exchange Rates? (Matthew Vassallo)

Where Next for GBP/CHF Exchange Rates? (Matthew Vassallo)

GBP/CHF rates have levelled out over the past couple of weeks following some heavy losses earlier this month. The Pound crashed following UK Prime Minister Theresa

Read Full Article

Get in touch

Swiss Franc Exchange Rates